Battle Infinity struggled at the $0.02153 price level before it finally broke away from that point. The consolidation period took a longer period before the market broke away from the level. Since the market broke away from the price level on the 8th of October, the buyers have been in control of the market. they have been taking the market to a new height of price on each of the days till date. For today, the price is now stable at $0.003122.
- Resistance: $0.0035, $0.0040, $0.0045
- Support: $0.0025, $0.0020, $0.0019
IBAT/USD: The Indicators’ Outlook
Towards the end of yesterday’s trading session, there was a very massive buying of IBAT in the market. The price skyrocketed to the height of $0.0199. The hyper bullishness made the market break several price levels. But also in that same session, the strong bullish market movement was followed by a strong bearish market move. We should expect this to happen because the bullish move of that session is unlike any other bullish move that has ever appeared in this market. Another thing to note is that the market for that particular trading session still closed in favour of the bulls. The Bollinger indicator has forecasted this market move. This bullish move was a result of the bands’ compression.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
Lately, several bearish resistance attempts appeared in the market. And because of the wild price pull and push in the market lately, the volatility of the market has increased. Consequently, we have very strong oscillatory movements between the upper market and the lower market. But, the bulls are having the upper hand.
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